Golden Arrow Resources (CVE:GRG) Reaches New 12-Month High – Still a Buy?

Golden Arrow Resources Co. (CVE:GRG) shares reached a new 52-week high on Thursday . The company traded as high as C$0.10 and last traded at C$0.10, with a volume of 69000 shares changing hands. The stock had previously closed at C$0.09.

Golden Arrow Resources Price Performance

The firm’s fifty day moving average is C$0.08 and its two-hundred day moving average is C$0.08. The firm has a market capitalization of C$15.25 million, a PE ratio of -3.00 and a beta of 1.01.

Insider Buying and Selling

In other Golden Arrow Resources news, insider Diego Martin Pestana acquired 1,438,726 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of C$0.08 per share, with a total value of C$115,098.08. Following the completion of the transaction, the insider owned 23,481,123 shares in the company, valued at approximately C$1,878,489.84. This trade represents a 6.53% increase in their ownership of the stock. Insiders acquired 1,511,000 shares of company stock worth $120,880 in the last 90 days. Company insiders own 7.82% of the company’s stock.

Golden Arrow Resources Company Profile

Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development resource properties in South America. The company explores for iron, copper, gold, cobalt, and silver deposits. Its flagship project is the 100% owned San Pietro Fe-Cu-Au-Co Project covering an area of 18,448 Ha located in Chile. Golden Arrow Resources Corporation was incorporated in 2015 and is based in Vancouver, Canada.Golden Arrow Resources Corporation operates as a subsidiary of Grosso Group Management Ltd.